XML 16 R5.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Dec. 25, 2016
Dec. 27, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,302,400 $ 7,330,300
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 3,361,200 3,568,300
Non-cash stock-based compensation expense 291,100 510,600
Deferred income taxes and other (498,600) (555,300)
Change in trade accounts receivable (12,666,100) (7,638,900)
Change in product inventory (9,225,800) 6,432,100
Change in prepaid expenses and other current assets 925,100 5,337,700
Change in trade accounts payable 16,630,300 (2,646,000)
Change in payroll, benefits and taxes (240,700) (816,800)
Change in income and sales tax liabilities 343,300 342,500
Change in accrued expenses and other current liabilities (615,100) (4,170,700)
Net cash provided by operating activities 607,100 7,693,800
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (1,913,300) (2,359,100)
Net cash used in investing activities (1,913,300) (2,359,100)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of debt issuance costs (218,200)  
Payments on long-term debt (1,894,700) (187,900)
Proceeds from issuance of stock 68,300 81,200
Cash dividends paid (4,989,700) (4,961,000)
Purchases of treasury stock and repurchases of common stock from employees and directors for minimum tax withholdings (187,600) (826,900)
Excess tax benefit from stock-based compensation   510,400
Net cash used in financing activities (7,221,900) (5,384,200)
Net decrease in cash and cash equivalents (8,528,100) (49,500)
CASH AND CASH EQUIVALENTS, beginning of period 16,882,800 7,524,000
CASH AND CASH EQUIVALENTS, end of period $ 8,354,700 $ 7,474,500